S&P500, Gold Prediction in April 2013

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Global Stock Indices:

Today, Asian market shall open positive. Some profit booking could be observed around closing hours.

Astrologically, tomorrow is a negative day.  Today, profit booking shall be witnessed in UK and US market as well.

S&P500 if closes above 1,589 then technically it turns very bullish. Our s/l in S&P500: 1,575 was hit.  However, astro-indicator still says that the problem can come up anytime. Be Alert at higher levels!

Precious & Industrial Metals:

Today, Gold and Silver are highly volatile and mix trend shall be observed. It can trade both sides.  However, astrologically, bullion is positive.

With stop loss of 1,554, you can buy GOLD. With stop loss of 27.40, you can buy SILVER.

If Gold breaks1,554 then can go down to 1,540.

If Silver breaks 27.40 then can go down to 26.70.

Copper shall be volatile and mix trend is expected.

Energy Products:

Today, NG is volatile to positive.

Crude Oil shall be volatile to negative for the day.

Currencies:

As recommended, you must hold the short position of EUR/USD (@1.3120) with s/l 1.3140 for target 1.3010-1.2950.

Trading Range (11th April 2013):

  • EUR/USD: 1.3120-1.3015
  • USD/INR (SPOT):54.20-54.70

Indian Stock Market:

Today, Indian stock market shall open positive. However, volatility could be seen and profit booking may come at higher level.

Tomorrow could be a negative day.

Trading Range:-

–          Nifty Fut(APRIL):5,605-5,520

–          Bank Nifty Fut (APRIL): 11,300-11,000

 

INTRA-DAY BUY

  • TATA MOTORS S/L 265 TGT 275
  • PENTALOON S/L 150 TGT 158
  • EXIDE BATTERY S/L 118 TGT 125

INTRA-DAY SELL

  • BHARTI AIRTEL S/L 285 TGT 275

 

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